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June 22nd, 2022
We’ve Only Scratched the Surface of How Bad the Crypto Crime Wave Has Gotten
Blockchain Technology Co-Chair Jeremy S. Goldman was quoted in the article, “We’ve Only Scratched the Surface of How Bad the Crypto Crime Wave Has Gotten” published by the Los Angeles Times. The article discusses the increase of criminal fraud for cryptocurrency investors, who have lost billions of dollars with little hope of recovering those losses.
Jeremy acknowledges the risks of crypto and is quoted saying, “Crypto technology was built out of a ‘libertarian ethos’ in which there’s no nanny state that’s going to take care of you.” He adds, “These are the consequences when there’s a mistake … there’s no one to unwind it, you can’t call customer service, you can’t go back to the mothership, you can’t go back to the bank.”
Recently, two men were arrested in Los Angeles for orchestrating a fraud and money laundering cryptocurrency “rug pull” scheme. Jeremy said, “The case demonstrated sophisticated abilities by federal agents to follow the money and follow blockchain-based transactions” and “They really did a good job in following the breadcrumbs.”
Read the full article here.
Other Quoted
Calif. Privacy Agency Signals Strength With Rules Proposal
Law360 quotes Daniel M. Goldberg on the California Privacy Protection Agency’s release of its regulations for the California Privacy Rights Act. Read more.
June 22 2022
Why Bored Ape NFTs Are Showing Up in Movies, TV Shows and Novels
dot.LA quotes Jeremy S. Goldman on the minimal terms and conditions with NFT collections in relation to ownership and licenses. Read more.
June 15 2022
NFT Marketers Warned: Make Sure You Observe Privacy Rules
MediaPost cites Daniel M. Goldberg and Zach Lewis’s article “Key Privacy Issues to Consider Before Launching an NFT.” View Article
June 13 2022